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Department of Housing and Urban Development

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Department of Housing and Urban Development (HUD)

Created as a cabinet-level agency in 1965, the stated mission of HUD (www.hud.gov) is “to increase homeownership,support community development and increase access to affordable housing free from discrimination. To fulfill this mission,HUD will embrace high standards of ethics,management and accountability and forge new partnerships—particularly with faith-based and community organizations—that leverage resources and improve HUD's ability to be effective on the community level.”

The most common HUD-related activities are

• Acquisition and sale of all FHA-insured homes that are foreclosed on
• Involvement in moderate-income and low-income housing
• Removing barriers to minority ownership of homes
• Community planning and development
• Native American housing



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Built under the New York State Urban Development Corporation/ Federal Department of Housing and Urban Development Section 8 program, which provides subsidies to create housing for low-income families, the five-building property contains 310 units spread through two towers, of 19 and 10 stories, and three smaller buildings.
The Department of Housing and Urban Development said the settlement was the largest ever collected by its mortgage review board, which takes administrative actions against Federal Housing Administration-approved lenders.
Department of Housing and Urban Development has settled a 1980 lawsuit brought by three African Americans aimed at integrating public housing in East Texas.
 
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